The stock market is open for trading on Monday, but it was apparent that many market participants were taking the day off. stock index futures on most major market benchmarks were little changed in premarket trading Monday morning, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) managing a slight gain.

Some of the most notable performers on Monday morning were electric vehicle (EV) stocks, as many key players in the industry reported their quarterly delivery and production figures for the period from April to June. Tesla (NASDAQ: TSLA) continued to build momentum in its ramp-up of capacity, but other companies like Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and BYD also enjoyed solid gains. Read on to learn more about the competitive dynamics in the industry right now.

Shares of Tesla rose more than 6% in premarket trading Monday. The pioneering EV maker exceeded expectations with its latest production and delivery figures.

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Source Fool.com